26:50 there’s no debt crisis Jack and Bob. The debt is our financial wealth. It’s obvious to see. I look at those pretty dollar bills that I’ve got and I can see that the government debt (cash, reserves & securities) are my financial wealth… and then add to that all those real goodies I get to buy with all those pretty dollars… you know this
3:00 Hey Bob, the inflation rate is above the Fed’s target of 2% because the Fed has set its Fed Funds Rate above 2%, to 5.25%-5.5%! The Fed Funds rate is the rate of inflation, a continuous increase in the price level… that’s what the Fed Funds rate does, continuously increase the price level… cmon now, you know that, right?
Funny, honest, and reasonable, Elliot is the best commentator I have found.
Thanks! @BobEUnlimited is one of the few people who has a great handle on what's actually going on w macro & markets
Wonderful interviews
"Felonious" or "Nefarious" Dale?
28:49 capital flight?? Huh?? What a nonsense concept
26:50 there’s no debt crisis Jack and Bob. The debt is our financial wealth. It’s obvious to see. I look at those pretty dollar bills that I’ve got and I can see that the government debt (cash, reserves & securities) are my financial wealth… and then add to that all those real goodies I get to buy with all those pretty dollars… you know this
3:00 Hey Bob, the inflation rate is above the Fed’s target of 2% because the Fed has set its Fed Funds Rate above 2%, to 5.25%-5.5%! The Fed Funds rate is the rate of inflation, a continuous increase in the price level… that’s what the Fed Funds rate does, continuously increase the price level… cmon now, you know that, right?
19:03 what are these “random academic theories” you speak of? Name names
Wallers "real rate" thesis last year is a perfect example. Or that slowing QT has no easing impact. So many to name that have proven wrong over time.
@@BobEUnlimited thank you, Bob. I’ll look into these! I appreciate it